Property Overview
This one-storey home at 26 Prescot Road in Fort Richmond is a practical and well-situated property. Built in 1973, it features 1,176 sqft of living space, a renovated basement, an attached garage, and sits on a generous 6,957 sqft lot. The home presents itself as a solid, no-frills option in a mature neighbourhood.
Key Characteristics & Appeal
The primary appeal of this home lies in its straightforward layout and its position on a larger-than-average city lot, offering valuable outdoor space and potential. Its renovated basement adds functional living area, a significant advantage for a one-storey design. The attached garage provides practical convenience year-round.
Statistically, the property holds its own within its immediate area, with its living space, assessed value, and lot size all ranking around the local average. A less obvious point of strength is its age relative to its direct neighbours—it is newer than most on Prescot Road, which may suggest slightly updated core components compared to nearby houses.
This property would suit first-time buyers, downsizers, or practical investors looking for a manageable, single-level home in a established community. It’s for someone who values space over flash, and sees potential in a good lot and a basement already renovated for extra utility.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is very close to the average for both Prescot Road and the wider Fort Richmond neighbourhood, indicating it is priced consistently with its local market.
2. What is the significance of the lot size?
At nearly 7,000 sqft, the lot is larger than the typical Winnipeg lot. This provides more private outdoor space and could be a long-term asset for gardening, expansion, or simply enjoying more distance from neighbouring homes.
3. The home sold in early 2020. What can that price tell me?
The sold price from 2020 provides a historical benchmark, but it primarily reflects the pre-pandemic market. Its current value will be influenced by market conditions and any updates made since that sale.
4. As a one-storey home, are there any advantages?
The single-level layout offers easy living without stairs, which is ideal for aging in place or for those with mobility considerations. The renovated basement effectively adds a second level of living space, offsetting the main-floor square footage.
5. The home is over 50 years old. What should I consider?
While the core structure is from 1973, the renovated basement is a positive update. A standard home inspection is crucial to understand the condition of major aging systems, like the roof, plumbing, and electrical, which may be due for service or replacement.